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Property profile & analytics
OFF-MARKET
Industrial properties
1143-1145 Rte 13, Cortland, NY 13045
Individually Owned
7-yr Hold
Free & Clear
Property ID
US63-3680701
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1970
Total area
4,113 SF
Lot
1.64 ac (71,438 SF)
Zoning code
05 - COMMERCIAL
APN
112289 96.05-01-15.000
UPID
US63-3680701
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jeffrey W Howarth JR. · 7 yrs held
Jeffrey W Howarth JR.
since 2019
4 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Cortland, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cortland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,586
Tax year 2023
Assessed value
$299,000
Assessed 2023
Previous assessed
$299,000
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$91,600
Assessed improvement
$207,400
Land market value
$130,857
Improvement market value
$296,286
Total market value
$427,143
Applied tax rate
110,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1970
Heating
STEAM
Buildings
2
Stories
1
Rooms
6
Bathrooms
2
Total area
4,113 SF
Lot
1.64 ac (71,438 SF)
Zoning code
05 - COMMERCIAL
APN
112289 96.05-01-15.000
UPID
US63-3680701
Jurisdiction
CORTLAND
Zoning & alternative use
05 - COMMERCIAL · Cortland, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Cortland, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cortland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
STEAM
Stories
1
Buildings
2
Rooms
6
Bathrooms
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Jeffrey W Howarth JR.
Individual
Free & Clear · 7 yrs held
Mailing address
1143 STATE RTE 13TH #1145, CORTLAND, NY 13045-3542
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2019
$332,000
Jeffrey W Howarth JR.
Gutchess,keith E JR & Adam H
Warranty Deed
—
Nov 1, 2016
—
Keith E Gutchess JR
Gutchess,marylou
Quit Claim Deed
related
—
May 4, 2015
—
Keith E Gutchess JR
Gutchess Keith E SR & Marylou
Quit Claim Deed
related
—
May 3, 2012
—
Gutchess Keith E SR Fam Of Trust
Gutchess,keith E & Marylou
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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